5919 Great Oak Circle, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

5919 Great Oak Circle, Los Angeles, California 90042 home-pic-0
ACTIVE$1,099,000
5919 Great Oak Circle, Los Angeles, California 90042
0Bed
0Bath
1,436Sqft
5,319Lot
Year Built
1924
Close
-
List price
$1.1M
Original List price
$1.65M
Price/Sqft
$765
HOA
-
Days on market
-
Sold On
-
MLS number
P1-19121
Home ConditionGood
Features
Good View:
Deck
View

About this home

We found 3 Cons,5 Pros. Rank: price - $1.10M(62th), sqft - 1436(46th), beds - undefined(50th), baths - undefined(50th).

Step into this unique investment opportunity in the coveted Highland Park neighborhood with 5919 & 5921 Great Oak Circle. Nestled on a charming, tree-lined street, this duplex offers significant upside potential for owner occupant buyers and investors. The front unit features two bedrooms, two bathrooms, a spacious living room, a dedicated dining area, and an open-concept kitchen, providing a comfortable and functional living space. The back unit is situated above the garage, this unit boasts two bedrooms and one bathroom, complemented by city and mountain views. Below, you'll find a versatile full-structure currently utilized as a workshop, office, and storage space, complete with a quarter-bathroom. The property includes a generously sized front yard and a backyard with a designated BBQ area, ideal for entertaining. Laundry area is located on the side of the property. Additional features: Recessed style lighting, a long driveway, and gated access. The water meter includes a sub-meter, adding to the property's versatility. This property presents numerous opportunities for enhancement, whether through upgrading existing units or exploring the potential for adding an additional unit or Accessory Dwelling Unit (ADU)--subject to buyer investigation and local regulations. Prime location situated close to major freeways, DTLA, Eagle Rock, and Pasadena, this property offers easy access to a vibrant array of shops, dining options on the trendy York Avenue, and much more. Don't miss this chance to secure a property with exceptional growth potential in one of Highland Park's most desirable areas.

Price History

Date
Event
Price
08/07/25
Price Change
$1,099,000
09/04/24
Listing
$1,650,000
Condition Rating
Good

Built in 1924, this property has undergone significant interior renovations, particularly in the kitchen and bathrooms. The kitchen features modern white shaker cabinets, stainless steel appliances, and subway tile backsplash. Bathrooms are updated with contemporary vanities and subway tile. Hardwood floors are present and appear well-maintained, and recessed lighting has been installed. While the property's age is evident in some exterior elements like the outdoor laundry area and balcony structure, and the description notes 'opportunities for enhancement,' the primary living spaces are move-in ready and reflect updates consistent with a renovation within the last 5-15 years, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex, offering two distinct units (2 bed/2 bath and 2 bed/1 bath) with significant upside potential for both owner-occupants and investors seeking rental income.
Prime Highland Park Location: Nestled in a coveted, charming, tree-lined street in Highland Park, providing excellent access to major freeways, DTLA, Eagle Rock, Pasadena, and trendy York Avenue shops and dining.
Versatile Additional Structures & ADU Potential: Includes a full-structure workshop/office/storage with a quarter-bath, and explicitly highlights strong potential for adding an additional unit or Accessory Dwelling Unit (ADU), enhancing future value and income streams.
Outdoor Living & Views: Features a generously sized front yard, a backyard with a designated BBQ area, and offers city and mountain views from the back unit, enhancing lifestyle appeal.
Value-Add Opportunity: Marketed with 'significant upside potential' and 'numerous opportunities for enhancement,' appealing to buyers looking to customize, renovate, and increase equity through strategic improvements.

Cons

Age of Property & Required Updates: Built in 1924, the property likely requires significant modernization, system upgrades, and general maintenance to meet contemporary standards and maximize its potential.
Significant Price Reduction: A substantial price drop from the original listing ($1.65M to $1.099M) may indicate market challenges, extended time on market, or underlying issues that warrant thorough buyer investigation.
Investment Required for Maximized Potential: While offering 'upside potential,' achieving this will necessitate further financial investment for renovations, upgrades, or ADU development, making it less suitable for turn-key buyers.

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